Britain’s economic growth slowed in the third quarter, lagging other G7 group countries
Britain’s economy grew by 1.3% in the third quarter vs forecasted expansion of 1.5% that marks the slowest quarterly growth since the country was under lockdown in early 2021.
The GDP data signal that economic recovery slowed and was…
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Close below key Fibo support could spark bigger drop
The Euro remains in red on Thursday and extends weakness to the new 2021 low, hitting the lowest level since July 2020, following nearly 1% drop on Wednesday (the third biggest daily fall this year).
Higher than expected US inflation in…
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Gold is set for further advance but possibility of early rate hike on surging inflation may limit…
Spot gold extends advance into sixth straight day on Thursday and pressuring new 5-month high ($1868), posted on Wednesday, when metal’s price spiked after higher than expected us inflation data in October.
Rising consumer prices boost…
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Break below consolidation range floor generates initial reversal signal and risks deeper pullback
The pair dips to one-month low on Tuesday, extending the bear-leg off 114.27 lower top into fourth straight day.
Monday’s break and close below 113.38 (former higher base / Fibo 23.6% of 109.11/114.69 rally) weakened near-term structure,…
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Strong rebound looks for confirmation on break of pivotal Fibo barrier
Cable is consolidating under pivotal Fibo barrier at 1.3580 (38.2% of 1.3833/1.3424) which capped Monday’s 0.63%advance.
Pound regained ground after strong fall last week, sparked by BoE surprise decision to stay on hold, despite many were…
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Gold continues to benefit from weaker dollar on dovish Fed, BoE; key barrier under pressure
Spot gold extends higher on Monday after a brief consolidation, following 2.8% advance in past two days.
The yellow metal hit new two-month high after dovish tones from major central banks soured risk sentiment.
The Federal Reserve…
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Bears continue to face strong headwinds from 1.15 support zone
The Euro stands at the front foot in early Monday, following strong downside rejection on Friday that left a hammer candle, generating initial reversal signal.
Multiple downside rejections on approach to pivotal Fibo support at 1.1492 (50%…
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US labor sector growth regained momentum in October as impact from summer Covid wave subsides
US non-farm payrolls rose by 531,000 in October, from upwardly revised September’s figure from 194,000 to 312,000 and strongly beating expectations for 450,000 increase, signaling that US job growth is picking up as summer wave of…
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Cable continues to travel south after BoE disappointed expectations for rate hike
GBPUSD
Cable remains firmly in red and extends weakness below 1.3500 mark, following a massive fall on Thursday (down 1.35%, the biggest one-day drop since 18 Mar 2020), sparked by BoE disappointment.
The Bank of England kept rates…
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Bank of England kept rates on hold in November, disappointing those betting for the first…
The Bank of England kept interest rates unchanged in its November policy meeting, disappointing those betting that it would have been the first of the world’s major central banks to start hiking rates after a period of ultra-low rates…
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